The President has directed the Foreign Economic Administrator to take steps immediately to discontinue all lend-lease operations and to notify foreign governments receiving lend-lease of this action.

The President also directs that all outstanding contracts for lend-lease be canceled, except where Allied governments are willing to agree to take them over or where it is in the interest of the United States to complete them.

The Foreign Economic Administrator furthermore is instructed to negotiate with Allied governments for possible procurement by them of lend-lease inventories now in stockpile and in process of delivery.

If the military needs lend-lease supplies for the movement of troops or for occupation purposes the military will be responsible for procurement.

It is estimated that uncompleted contracts for non-munitions and finished goods in this country not yet transferred to lend-lease countries amount to about 2 billion dollars and that lend-lease supplies in stockpile abroad amount to between 1 and 1½ billion dollars.